You can increase the business profit in multifold by Internet advertises of your products and services.
What is Internet Advertising?
Internet advertising is a type of business promotion which uses Internet to deliver marketing messages to attract customers.
With the rapid growth of Internet users and Internet technology, a number of businesses started to advertise their products and services Internet.
Publishing an Internet Advertise
Publishing an Internet Ad is a sequential process. The following diagram shows the basic steps an Ad publisher takes to create and post the Ad Internet −
Publishing Internet Advertise
Ad Planning
The marketing team conducts analysis of various domains.
Marketing analysis
Product targeting analysis
Audience analysis
Customer targeting analysis
Based on the analysis results, the advertiser decides on −
Selecting a publisher
Ad presentation approach
Approach of posting the Ad
Ad posting schedules
Creating Ad Space Catalog
Ad space list is created to record Ad space availability status, space profile, location, presentation, scheduling method, frequency, etc.
Trading Ad Space
Advertisers and Publishers interact to determine Internet Ad space. There are three types of Ad space trading −
Buy and Sell − Publishers sell the Ad space schedule to Advertisers on first-come-first-serve basis.
Space Auction − Ad space bidding is conducted to settle the trade.
Space Exchange − Multiple publishers interact with each other to sell the space schedules available with them, which have not been sold.
Scheduling the Ad Space
The Internet publishers create and maintain advertising schedules for the Internet Ad space. They help the advertisers for booking, purchasing, and confirming various schedules for Internet advertisements.
Materializing the Ad Space
The Internet publishers collect advertisement from the advertiser and materialize the specified ad spaces by displaying the advertisement as per the specified schedules.
Measuring an Ad Space
All active Ad spaces in the publishing websites are monitored and measured. After the Ad is actually visible and accessible Internet, it is evaluated regularly for performance. The analyzers collect data and evaluate the effectiveness on the viewers, its popularity, Ad space management, etc.
Ad Closure
The advertisers pay the publishers by pre-decided terms of payment for the published Internet Ad.
Internet Advertising Performance Measurement
The performance of an Internet Ad is measured to enable the marketing team to analyze the readings of measurement.
What Does the Performance Measures Tell?
The performance measurement can uncover the following facts −
Effectiveness of the Ad on views.
Problems related to the Ad such as inappropriate content, incorrect targeting of people, Ad place, and timing for publishing.
Estimation and prediction of sales in short and long terms.
Internet Advertising - What to Measure?
The performance metrics of Internet Ad are as follows −
Clicks − It is the number of times viewer clicks the Ad. It can be taken as viewer’s acknowledgement to your Ad. It suggests that the viewer has seen the Ad and wants further information.
Impressions − It is the number of times your Ad is displayed on the web page.
Click Through Rate (CTR) − It is the ratio of Ad clicks to Ad impressions. The higher the CTR, the more relevant your Ad is.
Cost Per Click (CPC) − It is the amount advertiser pays for each click on the Ad. The number of clicks determines the amount of payment. The lower CPC is better.
Cost Per Thousand Impressions or Cost Per Mille (CPM) − It is the amount the advertiser pays for thousand clicks.
Return On Investment (ROI) − It is (Return – Investment) X 100. The higher ROI is better.
Advantages of Internet Advertising
Internet advertising is beneficial over conventional advertising in many ways.
Internet access is easy and affordable. Today, the number of global internet users is almost 3 billion. No other conventional advertising medium can bring such huge audience for your products or services.
Internet is capable of serving multimedia substance such as audio and video content apart from text and graphics. Multimedia advertisements are highly persuasive.
Internet by nature is interactive. It can provide a reliable platform for smooth shopping experience for people. The conversion rate is high for compelling advertises.
No time or demographic constraints on delivering the Internet advertise.
Internet advertising is promotional as well as informational.
It brings speedy outcomes.
It provides effective performance tracking.
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